The CCP must play by our rules if it wants our money
Opinion polls show an unmistakable trend: Americans are increasingly clear-eyed about and hostile towards Communist China. A new one found that 78% percent said they’d be willing to pay more for products no longer made in the PRC.
U.S. Army Chief of Staff, Gen. Ray Odierno met with commanders of the People's Liberation Army (PLA) in Beijing, China, Feb. 21, 2014. Gen. Odierno, spoke with different Chinese commanders to strengthen and promote military to military relations between the United States and China. (U.S. Army Photo by Sgt. Mikki L. Sprenkle/Released)
Opinion polls show an unmistakable trend: Americans are increasingly clear-eyed about and hostile towards Communist China. A new one found that 78% percent said they’d be willing to pay more for products no longer made in the PRC.
So how would they feel about Chinese Communist Party companies getting preferential treatment in our capital markets? Unlike American corporations, they don’t have to disclose their financial condition, governance arrangements or material risks. Wall Street just sends them our money anyway – by some estimates $3 trillion in recent years.
What could possibly go wrong?
Fifty-one former officials, military leaders and other patriots wrote our capital markets’ regulators yesterday urging them to require the CCP to play by our rules. If they don’t, U.S. investors are not only underwriting our enemy, they’re likely to lose their shirts.
This is Frank Gaffney. Learn more at PresentDangerChina.org.
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